Guides Guide

Inheritance tax in Canada: what is actually taxed when someone dies

By Alex Francisco Updated Sep 30, 2026 Figures checked Sep 30, 2026 13 min read

Is there an inheritance tax in Canada?

Canada has no inheritance tax: the people who inherit do not pay tax on what they receive, but the person who died is taxed on a final return as if they sold everything just before death. That final return picks up capital gains on investments and real estate and the full value of any RRSP or RRIF, unless the assets pass to a spouse or common-law partner or another exception applies. A TFSA adds nothing to the final return. Separately, most provinces charge a probate fee when a court confirms the will, such as Ontario's Estate Administration Tax, which is $0 up to $50,000 and $15 per $1,000 above that.

Canada has no inheritance or estate tax; the CRA lists most gifts and inheritances as amounts that are not reported or taxed by the person who receives them.
At death, capital property is deemed sold at fair market value, so gains on stocks, ETFs, cottages and rental property are taxed on the deceased's final return.
The full value of an RRSP or RRIF is generally income on the final return; the main exception is a surviving spouse or common-law partner who takes over the plan or has it transferred to their own plan by the end of the year after death.
A TFSA adds nothing to the final return; a spouse named as successor holder keeps it tax-sheltered, and other beneficiaries get the date-of-death value tax-free.
Probate fees are provincial: Ontario charges $15 per $1,000 above $50,000, B.C. $6 and then $14 per $1,000 above $25,000, Alberta a flat fee up to $525, and Manitoba nothing.
Canada has no gift tax either, but giving away investments or a cottage is treated as selling them at fair market value, so the giver reports any capital gain.

— YieldMaple, figures checked against official sources on September 30, 2026. Sources

The short answer to “is there an inheritance tax in Canada?” surprises people who have read about the U.K. or U.S. systems: Canada does not tax heirs. What it does is tax the person who died, one last time, on a final return that treats their investments and property as sold at death. Provinces then charge a separate fee if the will goes through probate.

This page walks through how that works using the CRA’s “Doing taxes for someone who died” pages, the CRA’s TFSA and capital gains pages, and the official probate pages of Ontario, British Columbia, Alberta and Manitoba. It is education, not legal, tax or financial advice. Estates vary a lot, and the executor should confirm the details with the CRA (the legal representative can use Represent a Client or call the CRA) and, for larger or cross-border estates, a lawyer or accountant.

Is there an inheritance tax in Canada?

No. There is no federal or provincial inheritance tax, and no estate tax in the U.S. sense. The CRA lists “most gifts and inheritances” among amounts you do not report or pay tax on. If a parent leaves you cash, a house or a portfolio, the value you receive is not income on your return.

The tax happens earlier, inside the estate:

The final return. A final T1 return must be filed for every person who dies. It reports income up to the date of death, plus the increase in value of property, investments and belongings.
The deemed disposition. At death, a person is considered to have sold all their capital property at fair market value, even though nothing was sold. That creates capital gains (or losses) on the final return.
Registered plans. The full value of an RRSP or RRIF is generally income on the final return. A TFSA adds nothing.
The estate’s own return. Income the estate earns after the death, such as interest on the money waiting to be distributed, is reported on a T3 trust return.
Probate fees. Separately from income tax, most provinces charge a fee when a court confirms the executor’s authority.

The estate pays these bills from its assets before the executor distributes what is left. That is why an inheritance can be smaller than the gross value of the estate, even though no “inheritance tax” was charged.

What happens to each type of asset when someone dies?

The tax result depends on the kind of asset and on who receives it. A spouse or common-law partner can usually take over property and registered plans with no immediate tax; everyone else inherits after the final return has taxed the built-up gain.

How common assets are taxed at death in Canada

How to read this table: Find the asset in the first column. The second column is what the final return reports when the asset goes to anyone other than a spouse. 'Spouse' includes a common-law partner and, for capital property, a qualifying spousal trust. The last column is what the heir receives.

Asset	On the final return	If it goes to a spouse	For other heirs
Cash, bank accounts, GICs	No gain; interest earned to the date of death is income on the final return	Same	Receives the money tax-free; interest after death is taxed to the estate or beneficiary
Non-registered stocks, ETFs, mutual funds, crypto	Deemed sold at fair market value; capital gain or loss on the final return	Rolls over at cost if it vests in the spouse within 36 months (no gain until the spouse sells)	Inherits at fair market value on the date of death as the new cost
Principal residence	Deemed sold at fair market value, but the gain can be sheltered by the principal residence designation (Form T1255)	No designation or gain needed on the final return	Inherits at fair market value; a later gain is theirs unless it becomes their own principal residence
Cottage, rental or other real estate	Deemed sold at fair market value; capital gain (plus recapture on rental buildings) on the final return	Rolls over at cost if it vests within 36 months	Inherits at fair market value as the new cost
RRSP (not yet matured)	Full fair market value is income on the final return	Can transfer to the spouse's RRSP or RRIF by the end of the year after death; the spouse reports and deducts it	Receives the money; the tax usually falls on the estate's final return
RRIF	Full fair market value is income on the final return	Continues if the spouse is successor annuitant, or transfers by the end of the year after death	Receives the money; the tax usually falls on the estate's final return
TFSA	Nothing reported on the final return	Successor holder takes over the TFSA, still tax-sheltered (not recognized in Quebec)	Date-of-death value is tax-free; earnings after death are taxable
Personal belongings, jewellery, art	Deemed sold at fair market value; gains on personal-use and listed personal property are reported	Rolls over at cost if it vests within 36 months	Inherits at fair market value as the new cost

Two assets often surprise families. The RRSP or RRIF is usually the biggest tax bill in an estate, because the whole balance is taxed as income in one year. The family home is usually the smallest, because the principal residence exemption can shelter all of the gain, although it still has to be reported.

How does the deemed disposition at death work?

The CRA treats the person who died as having sold all their capital property just before death, at fair market value. Capital property includes a cottage, rental property, stocks, ETFs, mutual funds, crypto-assets and valuable belongings such as art or jewellery. For each item, the executor subtracts the adjusted cost base (what was paid, plus purchase costs) from the fair market value on the date of death. Half of a net capital gain is taxable, under the current inclusion rate recorded in the capital gains rules.

Worked example. Someone who dies in Ontario owns a non-registered ETF portfolio that cost $80,000 and is worth $200,000 on the date of death, and leaves it to two adult children. The final return reports a capital gain of $120,000, of which $60,000 is added to taxable income. The children each inherit half of the portfolio with a new cost equal to its date-of-death value, so the gain that built up before the death is never taxed twice.

A few rules soften the result:

Spousal rollover. Property that passes to a surviving spouse or common-law partner resident in Canada, or to a qualifying spousal trust, rolls over at the deceased’s cost with no gain, as long as it vests in them within 36 months of the death. The gain is postponed until the spouse sells or dies. The executor can elect out of the rollover, property by property, on the final return.
Principal residence. The gain on a home that was the principal residence can be partly or fully exempt, using Schedule 3 and Form T1255 on the final return.
Capital losses. In the final return and the return for the year before death, net capital losses can reduce any kind of income, not just capital gains.
Farm and fishing property and small business shares. Special rollovers and the lifetime capital gains deduction may apply; the CRA pages cover these cases.

The capital gains tax calculator shows how a gain like the one above adds to tax for the year, and the income tax calculator shows what a large one-time amount does to the deceased’s tax bracket.

What happens to an RRSP or RRIF when someone dies?

For an RRSP that has not started paying retirement income, the CRA generally considers the person to have received the full fair market value of the plan immediately before death. That amount is income on the final return. A RRIF works the same way: unless an exception applies, the fair market value of everything in the RRIF at death is included in the deceased’s income for the year.

The exceptions follow the spouse:

Spouse or common-law partner as beneficiary. If all of the RRSP is paid to the surviving spouse and transferred directly to their own RRSP, RRIF, PRPP, SPP or an eligible annuity before the end of the year after the death, no slip is issued in the deceased’s name. The spouse reports the payment and claims an equal deduction, so tax is deferred until they withdraw the money.
Successor annuitant on a RRIF. If the RRIF contract or will names the spouse to keep receiving payments, the spouse becomes the new annuitant and the RRIF continues. The RRIF guide covers this election in more detail.
Financially dependent child or grandchild. A child or grandchild who depended on the deceased because of an impairment in physical or mental function can receive an RRSP or RRIF rollover into their RDSP. The RDSP guide and the disability tax credit guide explain the eligibility side.

Worked example. A widowed parent dies with an RRSP worth $250,000, naming an adult child as beneficiary. The financial institution pays the child the full balance, but the final return includes all $250,000 as income, on top of the parent’s pension income for the year. The tax on that income is owed by the estate, even though the money went straight to the child. When the named beneficiary and the heirs under the will are different people, this mismatch can leave the estate short, which is worth raising with a lawyer when the will is drafted.

Unpaid Home Buyers’ Plan or Lifelong Learning Plan balances are also added to income on the final return, unless the surviving spouse elects to keep making the repayments. Locked-in pension money in a LIRA or LIF follows the same death rules as an RRSP or RRIF, with pension-law survivor rights on top; the LIRA guide explains those accounts.

What happens to a TFSA when the holder dies?

A TFSA is the simplest account at death: nothing is reported on the final return. What happens next depends on how the beneficiary was named.

Successor holder. Only a spouse or common-law partner can be a successor holder, named in the TFSA contract or the will. They become the new holder immediately, and the value at death plus future growth stay tax-sheltered. They do not inherit the deceased’s unused contribution room, and their own room is not used up unless the deceased had an over-contribution.
Designated beneficiary. Anyone else named, such as a child or a charity, receives the date-of-death value tax-free. Earnings between the death and the payout are taxable to them. A surviving spouse named as beneficiary rather than successor holder can put the money into their own TFSA as an exempt contribution during the rollover period, by filing Form RC240 within 30 days of contributing.
No beneficiary. The TFSA goes to the estate and is distributed under the will. The date-of-death value is still not taxed, but in Ontario it then counts toward the estate value for probate.

Quebec does not recognize successor holder designations for TFSAs, so Quebec survivors rely on the will and the exempt contribution rules instead. If the deceased had over-contributed, the excess is taxed at 1% per month up to the month of death. The TFSA guide covers how successor holder and beneficiary designations are set up.

How much are probate fees in Ontario and other provinces?

Probate is the court process that confirms the executor’s authority over the estate. Depending on the assets involved, the executor may need it to collect and manage the estate, for example when a financial institution asks for it. Each province sets its own fee, and it is charged on the estate’s value, not on anyone’s income.

Probate fees in Ontario, B.C., Alberta and Manitoba

How to read this table: Find the province whose court is confirming the will. The fee is paid by the estate when the court application is made. Only these four provinces are shown because each figure comes from that government's own official page.

Province	What it is called	How the fee is calculated	Value it is charged on
Ontario	Estate Administration Tax	$0 if the estate is $50,000 or less; otherwise $15 per $1,000 (or part of $1,000) of the value above $50,000	Value of the estate at death, less mortgages on Ontario real estate; rounded up to the next $1,000
British Columbia	Probate fee	$0 if the estate is $25,000 or less; $6 per $1,000 (or part) from $25,000 to $50,000, plus $14 per $1,000 (or part) above $50,000	Gross value of property passing to the executor: real and tangible property in B.C., plus intangible property anywhere if the deceased lived in B.C.; court filing fees are extra
Alberta	Surrogate court fee	Flat fee from $35 up to a maximum of $525 (estates over $250,000)	Net value of property in Alberta
Manitoba	Probate fee	None — eliminated as of November 6, 2020	Not applicable

Alberta charges a flat fee by band, based on the net value of property in Alberta:

Alberta surrogate court fee for a grant of probate or administration

How to read this table: Find the band that holds the net value of the deceased's property in Alberta. The fee does not grow beyond the top band.

Net value of property in Alberta	Fee
$10,000 or less	$35
Over $10,000 to $25,000	$135
Over $25,000 to $125,000	$275
Over $125,000 to $250,000	$400
Over $250,000	$525

Worked example: the same estate in four provinces. Take an estate that goes through probate with a value of $600,000 (for simplicity, the same figure under each province’s valuation rules):

Ontario: $8,250 of Estate Administration Tax.
British Columbia: $7,850, plus court filing fees.
Alberta: $525, the top band.
Manitoba: $0, because Manitoba eliminated probate fees in 2020.

What counts toward Ontario’s Estate Administration Tax?

Ontario’s tax applies only if an estate certificate (formerly “letters probate”) is applied for and issued; no certificate, no tax. When it applies, the value includes Ontario real estate less its mortgage, bank accounts, investments, vehicles and other property. It excludes real estate outside Ontario, assets held in joint tenancy that pass to the surviving owner, life insurance paid to a named beneficiary, the CPP death benefit, and RRSPs, RRIFs, TFSAs and pension plans with a named beneficiary. Debts other than mortgages, funeral costs and legal fees cannot be deducted. After the certificate is issued, the executor must file an Estate Information Return with the Ministry of Finance within 180 calendar days, even when the tax is $0.

Named beneficiaries and joint ownership are the usual ways families keep assets out of probate, but they carry their own risks, from exposing an account to a co-owner’s creditors to the RRSP tax mismatch described above. A will prepared with those trade-offs in mind is the starting point; the online will comparison covers lower-cost options for simple estates.

Is there a gift tax in Canada?

No. Canada has no gift tax, and the person who receives a gift does not report it. The rules that matter are on the giver’s side:

Cash gifts are not taxed when they are given or received.
Gifts of capital property, such as shares, an ETF, a cottage or a rental, are treated as a sale at fair market value on the day of the gift. The giver reports any capital gain that year, and the receiver’s cost becomes that fair market value.
Gifts to a spouse or common-law partner generally transfer at the giver’s cost with no gain, but if the spouse later sells during the giver’s lifetime, the gain is usually reported by the giver.

So giving a cottage to the children while alive does not avoid the tax; it moves the deemed sale from the final return to the year of the gift.

When is the final tax return due for someone who died?

The deadline depends on the date of death. The table covers the returns and time limits executors most often need.

Tax deadlines after a death in Canada

How to read this table: Find the situation in the first column. Where a deadline falls on a weekend or public holiday, the CRA accepts the return on the next business day. The spousal rows are deadlines for tax-deferred transfers, not filing dates.

Return or deadline	Due	Notes
Final T1 return — death January 1 to October 31	April 30 of the year after the death	Filing and payment due date
Final T1 return — death November 1 to December 31	6 months after the date of death (same calendar day)	Filing and payment due date
Final T1 return — deceased or spouse was self-employed, death January 1 to December 15	June 15 of the year after the death	Filing only; any balance owing is still due on the normal payment date
Final T1 return — deceased or spouse was self-employed, death December 16 to 31	6 months after the date of death (same calendar day)	Filing only
Previous year's return, if the person died before filing it (death on or before its due date)	6 months after the date of death (same calendar day)	Filing and payment due date for that earlier return
Return for Rights or Things (optional)	Later of 1 year after death or 90 days after the final return's notice of assessment	Balance owing is due by the final return's payment date
Estate T3 return	90 days after the trust's tax year-end (or final distribution)	A graduated rate estate can pick a first year-end up to 1 year after death
Spousal rollover of capital property	Property must vest in the spouse or spousal trust within 36 months of death	Otherwise the gain is reported on the final return
RRSP or RRIF transfer to a surviving spouse	By the end of the year after the year of death	Direct transfer to the spouse's RRSP, RRIF, PRPP, SPP or an eligible annuity

A late final return with a balance owing costs a penalty of 5% of the balance, plus 1% for each full month late (to a maximum of 12 months), plus interest. Filing on time avoids the penalty even if the estate cannot pay yet. When the deemed disposition creates a large bill before assets can be sold, the executor can delay paying the part of the tax that comes from the deemed disposition (or from a Return for Rights or Things) by giving the CRA acceptable security and filing Form T2075, although interest still applies. The general tax deadline guide covers the normal filing dates for the surviving family’s own returns.

Up to three optional returns, such as the Return for Rights or Things, can report certain income separately and claim some credits a second time, which can lower the total tax.

Who pays the tax, and when can the estate be shared out?

The estate pays. The executor (the CRA’s “legal representative”) files the returns and pays the balance from the estate before distributing assets. To protect themselves, executors usually ask the CRA for a clearance certificate with Form TX19 after all returns are assessed and paid. Without one, an executor who distributes assets while tax is still owing can be personally liable, up to the value distributed.

The CRA acknowledges a clearance certificate request within 45 days, and the assessment can take up to 120 days once all documents are in. Many executors hold back a reserve for tax and pay out the rest in stages. For clearance questions on individual or estate accounts, the CRA’s line is 1-800-959-8281.

Some death-related payments are handled differently from the rest of the estate. The CPP or QPP death benefit, a one-time payment of up to $2,500, is not reported on the final return; it is generally reported by the estate on its T3 return, or by the beneficiary who receives it. The CPP death benefit guide explains who can apply. A death benefit from an employer is tax-free up to $10,000 in total, across all employers and recipients.

Do Canadians pay U.S. estate tax on U.S. stocks?

They can. Canada has no estate tax, but the United States taxes the U.S.-situated assets of non-residents who are not U.S. citizens when they die. The IRS lists shares of U.S. corporations as U.S.-situated even when they are held abroad, so U.S. stocks held directly in a Canadian brokerage account can count. The executor must file Form 706-NA if the fair market value of U.S.-situated assets at death was more than US$60,000.

The IRS notes that estate tax treaties often give non-residents more favourable treatment by limiting which assets count as U.S.-situated, and Canada has such a treaty with the United States. U.S. citizens living in Canada face U.S. estate tax on their worldwide assets instead. Both cases call for a cross-border tax professional.

Common mistakes with tax at death

Assuming the heirs owe the tax. The estate owes it, and it has to be paid before distribution. An heir who receives an RRSP directly as named beneficiary can still see the estate’s tax bill cut into the shares of other heirs.
Forgetting the RRSP or RRIF is fully taxable. A large registered plan left to children can be taxed at the top marginal rate in the year of death. Planning the order of withdrawals while alive, covered in the retirement income planning guide, can soften this.
Distributing before the clearance certificate. It exposes the executor personally if the CRA later reassesses.
Not naming a TFSA successor holder. A spouse named only in the will as beneficiary still gets the value tax-free, but loses the simple takeover, and the account may add to probate in Ontario.
Missing the principal residence designation. Even a fully exempt home must be reported on Schedule 3 with Form T1255.
Ignoring U.S. shares. Directly held U.S. stocks can trigger a U.S. estate tax return even when no Canadian estate tax exists.

What can you do with money you inherit?

Once the estate has paid its taxes and the executor distributes the assets, the inheritance is yours, and only what it earns from then on is taxed. A TFSA is one common place to hold inherited savings, because growth inside it is tax-free. The limit is your own available contribution room: a child or other non-spouse beneficiary can contribute an inheritance only up to their room, while a surviving spouse can use the exempt contribution rule for TFSA money they inherit. If you are opening or consolidating a TFSA to hold inherited savings, Wealthsimple's TFSA is one option to compare with your bank’s account.

What changes next?

Every January: the CRA updates return packages and the income tax brackets that apply to a final return, and the TFSA and RRSP dollar limits for survivors’ own accounts are set for the new year.
Probate fees: these change only by provincial legislation or regulation. Ontario last changed its rate structure for estate certificate applications on or after January 1, 2020, and Manitoba eliminated its fees in 2020. This page is checked against the official provincial pages every 90 days.
Capital gains inclusion rate: the proposed increase to two-thirds on an individual’s gains above $250,000 a year was announced as cancelled in March 2025, so the one-half rate still applies to gains on the final return. Any future change would be announced in a federal budget.

When a death is recent, the practical order is: notify the CRA, gather the account statements and cost records, apply for probate if the institutions require it, file the final return on time, then request the clearance certificate before distributing.

Frequently asked questions

Is there an inheritance tax in Canada?

No. Canada has no inheritance tax and no estate tax. The person who inherits money or property does not report it as income; the CRA lists most gifts and inheritances among amounts that are not taxed. Instead, the tax happens before the estate is shared out: the deceased's final return reports capital gains from the deemed sale of their property and the value of any RRSP or RRIF. Provinces may also charge probate fees when a court confirms the will.

Do I have to pay tax on money I inherit in Canada?

Generally, no. An inheritance is not income to the person who receives it, so it does not go on your tax return. Any tax owing was calculated on the deceased person's final return and paid by the estate before distribution. What is taxable is what the money earns after you receive it: interest, dividends or capital gains on inherited investments are reported on your own return, just like income on your other savings.

How much are probate fees in Ontario?

Ontario calls its probate fee the Estate Administration Tax. For estate certificates applied for on or after January 1, 2020, there is no tax on an estate of $50,000 or less. Above that, it is $15 for every $1,000, or part of $1,000, of the value over $50,000. Ontario's own example: an estate worth $240,000 pays $2,850. Assets that pass outside the will, such as a TFSA with a named beneficiary or a home held in joint tenancy, are not counted.

Is there a gift tax in Canada?

No, Canada has no gift tax, and the person who receives a gift does not report it as income. The catch is on the giver's side: giving away capital property such as shares, an ETF or a cottage counts as selling it at fair market value, so the giver reports any capital gain that year. Gifts to a spouse or common-law partner generally roll over at cost, but attribution rules can tax later gains back to the giver.

Do you pay capital gains tax on inherited property in Canada?

Not on the gain that built up while the deceased owned it; that gain is taxed on their final return. The heir takes the property at its fair market value just before death as their new cost. If the heir later sells for more than that value, the difference is the heir's own capital gain, reported in the year of sale. If the property becomes the heir's principal residence, the principal residence exemption can shelter the gain from that point on.

What happens to an RRSP when someone dies in Canada?

Generally, the full fair market value of the RRSP at death is income on the deceased's final return, which can push a large balance into the top tax bracket. The main exception is a surviving spouse or common-law partner: if the RRSP is paid to them and transferred directly to their own RRSP, RRIF or an eligible annuity by the end of the year after death, the tax is deferred until they withdraw it. A financially dependent child or grandchild with an impairment may roll it into an RDSP.

Is a TFSA taxed when the holder dies?

No income is reported on the deceased's final return for a TFSA. If a spouse or common-law partner is named successor holder, the TFSA simply continues in their name and stays tax-sheltered. Other designated beneficiaries receive the value at the date of death tax-free, but any earnings between the death and the payout are taxable to them. Quebec does not recognize successor holder designations for TFSAs, so the will and estate rules decide there.

Who pays the taxes when someone dies in Canada?

The estate does. The executor, called the legal representative by the CRA, files the final return and pays any balance from the estate's assets before distributing the rest. Beneficiaries are not billed personally, but if the executor hands out everything without a clearance certificate and tax is still owing, the executor can be personally liable up to the value distributed, and the CRA can look to the people who received the assets.

When is the final tax return due for someone who died?

If the person died between January 1 and October 31, the final return and any balance owing are due April 30 of the following year. If they died between November 1 and December 31, the deadline is six months after the date of death. If the deceased or their spouse ran a business, the filing deadline is June 15 of the following year for deaths up to December 15, but the balance owing is still due on the normal payment date.

Do Canadians pay U.S. estate tax on U.S. stocks?

Possibly. The IRS says non-residents who are not U.S. citizens are subject to U.S. estate tax on U.S.-situated assets, which include shares of U.S. companies even when held in a Canadian account. The executor must file Form 706-NA if those U.S. assets were worth more than US$60,000 at death. Estate tax treaties, including Canada's with the U.S., can limit which assets are taxed, so an executor dealing with U.S. holdings should get cross-border tax help.

Does the house get taxed when a parent dies in Canada?

If the home was the parent's principal residence for every year they owned it, the deemed sale at death is usually fully sheltered by the principal residence exemption, but the executor still reports it on Schedule 3 and Form T1255 of the final return. A cottage or rental property is different: its capital gain is taxable on the final return unless it passes to a surviving spouse. If an Ontario home passes through the estate rather than by joint ownership, its value less the mortgage also counts for Estate Administration Tax.

Part of our Retirement income planning: CPP, OAS, GIS, RRIF, TFSA and pensions.

Rules, rates and sources

Last verified: September 30, 2026
Next scheduled check: December 30, 2026

Rule or table	In effect from	Verified
Tax at death — inheritances, deemed disposition, final return deadlines, RRSP/RRIF/TFSA at death, clearance certificate	January 20, 2026	September 30, 2026
Probate fees and estate administration tax — Ontario, British Columbia, Alberta, Manitoba	November 6, 2020	September 30, 2026
Capital gains inclusion rate, loss rules and principal residence rules (individuals)	January 1, 2001	September 30, 2026
RRIF rules — conversion options, funding sources, spouse's-age election, death and pension splitting	January 6, 2026	September 30, 2026

Official sources

Amounts that are not reported or taxed — Canada.ca — Canada Revenue Agency
What returns you need to file — Doing taxes for someone who died, Canada.ca — Canada Revenue Agency
Taxable capital gains on property, investments, and belongings — Canada.ca (deemed disposition) — Canada Revenue Agency
Special rules and other transactions — Canada.ca (property you inherit) — Canada Revenue Agency
Transfers of capital property — Canada.ca (gifts) — Canada Revenue Agency
Filing and payment due dates — Doing taxes for someone who died, Canada.ca (final return) — Canada Revenue Agency
RRSP — Doing taxes for someone who died, Canada.ca (unmatured RRSP) — Canada Revenue Agency
RRIF — Doing taxes for someone who died, Canada.ca — Canada Revenue Agency
TFSA — Doing taxes for someone who died, Canada.ca — Canada Revenue Agency
If you are a successor holder of a TFSA — Canada.ca — Canada Revenue Agency
If you are a designated beneficiary of a TFSA — Canada.ca (tax-free up to FMV) — Canada Revenue Agency
What happens when a TFSA holder dies — Canada.ca (no beneficiary) — Canada Revenue Agency
Doing taxes for someone who died — Canada.ca (CPP/QPP death benefit) — Canada Revenue Agency
Death benefits — Doing taxes for someone who died, Canada.ca (employer death benefit exemption) — Canada Revenue Agency
Apply for a clearance certificate — Canada.ca (why) — Canada Revenue Agency
Some nonresidents with U.S. assets must file estate tax returns — IRS — Internal Revenue Service (United States)
Estate Administration Tax — ontario.ca (when the tax applies) — Government of Ontario (Ministry of Finance)
Probate Fee Act, section 2 — BC Laws — Province of British Columbia (King's Printer)
Court fees — Alberta.ca (surrogate matters) — Government of Alberta
Manitoba Government Announces Tax Changes Coming in 2021 — news.gov.mb.ca — Government of Manitoba
Income Tax Act, section 38 (Taxable capital gain and allowable capital loss) — Justice Laws Website — Department of Justice Canada
Prime Minister Carney cancels proposed capital gains tax increase (March 21, 2025) — Prime Minister of Canada
Update on the Canada Revenue Agency's administration of the proposed capital gains taxation changes (January 31, 2025) — Canada Revenue Agency
Calculating and reporting your capital gains and losses — Canada.ca (formula) — Canada Revenue Agency
Capital losses and deductions — Canada.ca (2025 inclusion rate) — Canada Revenue Agency
Principal residence and other real estate — Canada.ca (exemption) — Canada Revenue Agency
Income Tax Act, paragraph 40(2)(b) — principal residence formula — Department of Justice Canada
What is a TFSA — Canada.ca — Canada Revenue Agency
Registered Retirement Savings Plan (RRSP) — Canada.ca — Canada Revenue Agency
Registered Retirement Income Fund (RRIF) — Canada.ca — Canada Revenue Agency
Setting up a RRIF — Canada.ca — Canada Revenue Agency
Transferring to your RRIF — Canada.ca — Canada Revenue Agency
RRSP options when you turn 71 — Canada.ca — Canada Revenue Agency
Options for your own RRSPs — Canada.ca — Canada Revenue Agency
Guide T4040, RRSPs and Other Registered Plans for Retirement — Canada.ca (maturity options) — Canada Revenue Agency
Receiving income from a RRIF — Canada.ca — Canada Revenue Agency
Information Sheet RC4178, Death of a RRIF Annuitant, PRPP Member, or ALDA Annuitant — Canada.ca (general rule) — Canada Revenue Agency
Pension income splitting — Canada.ca (eligible pension income) — Canada Revenue Agency

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